SoftBank Group: Masayoshi Son, the billionaire founder of SoftBank Group Corp, looks at his chart. Then, once again, let’s take more good steps. This again this activity kept on increasing.
We are not talking about the stock picks of the company. They keep falling. Therefore, the wealth of gold has also come down to $ 13.7 billion. According to the Bloomberg Billionaires Index, his wealth has dropped by $25 billion in the past year.
Son sees this chart four times a day
The chart is SoftBank’s loan-to-value ratio, which Son says he looks at four times a day. How he made a comeback over the past two decades after losing $70 billion during the dot-com crash is very important.
Last year, SoftBank was taking on debt in return for its lucrative stakes in tech companies such as Alibaba Group Holding and channeling it into future credible startups. However, during this period, there was a problem due to the failure of Wirecard AG or Greensil Capital. However, his problems are still mounting.
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Due to these reasons, the problem increased
The troubles of China’s tech sector, including Russia’s attack on Ukraine, inflation due to market problems, have remained a crisis for Son and his group.
The company’s stock has lost nearly 60 per cent in the past one year and the loan-to-value charts are indicating a rise in total debt relative to SoftBank’s holdings. Some market experts are talking about the dangers of margin calls.
Discussion of the risk of finance for the company
Tomoyaki Kawasaki, a senior analyst at EY Cosmo Security Company, said, “There doesn’t appear to be any good news. If they are asked to increase the collateral, it would mean that investors would become more cautious about the finance risk that the company is facing.”
64-year-old Son admits that this is a difficult period. In February, he was told that SoftBank was “standing in the middle of a chilly storm” and announced that the company’s total assets valued yen 1.55 trillion yen to 19.3 trillion yen for the quarter ended December. After that the situation has become even worse.
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